A rare gem known as Tanzanite is found only in the country of Tanzania. Because no mines have been discovered in other countries, Tanzania would be said to have a(n) _______ advantage in the production of this gem.
The comparative advantage exists when the two or more countries have similar set of conditions or have similar set of its to trade but one offers much better in terms of the pricing and the ways of production as compared to the absolute advantage that focuses in the single country that is only one to produce the rare gem as Tanzanite and thus has a complete or absolute advantage in the production of that gem.
